Public Employees Retirement System of Ohio Has $27.78 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Public Employees Retirement System of Ohio lowered its position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) by 5.2% in the first quarter, HoldingsChannel reports. The fund owned 211,102 shares of the real estate investment trust’s stock after selling 11,612 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mid-America Apartment Communities were worth $27,777,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAA. Wellington Management Group LLP boosted its holdings in shares of Mid-America Apartment Communities by 323.8% in the 4th quarter. Wellington Management Group LLP now owns 40,385 shares of the real estate investment trust’s stock valued at $5,430,000 after buying an additional 30,855 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Mid-America Apartment Communities in the 1st quarter valued at approximately $15,413,000. Miller Howard Investments Inc. NY boosted its holdings in shares of Mid-America Apartment Communities by 9.9% in the 1st quarter. Miller Howard Investments Inc. NY now owns 197,478 shares of the real estate investment trust’s stock valued at $25,984,000 after buying an additional 17,765 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Mid-America Apartment Communities by 163.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,734 shares of the real estate investment trust’s stock valued at $2,923,000 after buying an additional 13,474 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Mid-America Apartment Communities by 159.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,261 shares of the real estate investment trust’s stock valued at $3,531,000 after buying an additional 16,144 shares during the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.9 %

NYSE MAA traded up $1.28 on Monday, reaching $143.78. The company had a trading volume of 312,281 shares, compared to its average volume of 768,071. The stock has a market capitalization of $16.80 billion, a P/E ratio of 29.87, a P/E/G ratio of 3.17 and a beta of 0.85. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average is $138.84 and its 200 day moving average is $133.24. Mid-America Apartment Communities, Inc. has a 52-week low of $115.56 and a 52-week high of $150.79.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($1.01). The business had revenue of $543.60 million during the quarter, compared to the consensus estimate of $541.44 million. Mid-America Apartment Communities had a net margin of 25.92% and a return on equity of 8.90%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 EPS. Sell-side analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.88 earnings per share for the current fiscal year.

Mid-America Apartment Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $5.88 annualized dividend and a dividend yield of 4.09%. Mid-America Apartment Communities’s payout ratio is 123.27%.

Analyst Upgrades and Downgrades

MAA has been the topic of a number of research analyst reports. Mizuho increased their price target on Mid-America Apartment Communities from $126.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Truist Financial increased their price target on Mid-America Apartment Communities from $148.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Janney Montgomery Scott upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Thursday, June 13th. Scotiabank increased their price target on Mid-America Apartment Communities from $139.00 to $144.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Finally, Morgan Stanley increased their price objective on Mid-America Apartment Communities from $129.50 to $138.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Mid-America Apartment Communities has an average rating of “Hold” and a consensus target price of $141.59.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.